In Many Cases, the Population of a Town Can Be

question 109

Short Answer

In many cases, the population of a town can be predicted using the same formula that is used to compute the balance of an account with interest compounded continuously. If a town has 14,850 citizens now, and grows at 4.5% per year, predict the population in 10 years to the nearest whole number. [Hint: in the formula for continuously-compounded interest, substitute the current population for the principal. The result (amount) will correspond to the new population.]

---

Definitions:

Materialism

A philosophical viewpoint or personal attitude that places material possessions and physical comfort over spiritual values.

Subjective Well-Being

An individual's self-assessment of their own happiness and life satisfaction.

Lectures

Educational talks or presentations often given by an expert or teacher in front of an audience, primarily for instructional purposes.

Nonverbal Signals

Communication methods without words, such as body language, facial expressions, and gestures.